94-21397 RESO Incomplete
RESOLUTION NO.
94-21397
A RESOLUTION OF THE MAYOR AND CITY COMMISSION
OF THE CITY OF MIAMI BEACH, FLORIDA,
AUTHORIZING THE MA YOR AND CITY CLERK TO
EXECUTE AN AGREEMENT FOR PURCHASE AND SALE
BETWEEN THE CITY AND FLORIDA POWER & LIGHT
COMPANY, A FLORIDA CORPORATION, FOR PURCHASE
OF THE FPL SITE LOCATED AT 1920 WEST A VENUE AND
1923 BAY ROAD, MIAMI BEACH, FLORIDA, LEGALLY
DESCRIBED AS LOTS 1 THROUGH 10, BLOCK 13-A OF
ISLAND VIEW ADDITION, AS RECORDED IN PLAT BOOK
9, PAGE 144, OF THE PUBLIC RECORDS OF DADE
COUNTY, FLORIDA; SAID PURCHASE IN THE AMOUNT
OF ONE MILLION FIVE HUNDRED THOUSAND DOLLARS
($1,500,000).
WHEREAS, the Miami Beach community has expressed a need for a new, first-rate
supermarket that would serve the reside!1ts and visitors to that area; and
WHEREAS, in response to the community's needs, the Mayor and City Commission has
deemed that a public purpose exists, and that the public interest would be served in the City's
purchase and development of a site for a new supermarket in the City; and
WHEREAS, pursuant to the direction of the Mayor and City Commission, the Administration
has been looking into several possible sites which could be developed for a supermarket, and has
entered into negotiation with Florida Power & Light Company (FPL) for purchase of an FPL-owned
site located at 1920 West Avenue and 1923 Bay Road, Miami Beach, Florida, and legally described
as Lots 1 through 10, Block 13-A oflsland View Addition, as recorded in Plat Book 9, Page 144,
of the Public Records of Dade County, Florida;
WHEREAS, pursuant to its discussions with FPL, the Administration and City Attorney's
Office have negotiated the attached Purchase and Sale Agreement, wherein the City proposes to
purchase, and FPL desires to sell, the aforementioned property for the sum of One Million Five
Hundred Thousand Dollars ($1,500,000), such property to be used for the development ofa new
supermarket to serve the needs of the Miami Beach community.
NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City
Commission herein approve, and the Mayor and City Clerk are hereby authorized to execute the
attached Agreement for Purchase and Sale between the City of Miami Beach and Florida Power &
Light Company, a Florida corporation, for purchase of the FPL site located at 1920 West Avenue and
1923 Bay Road, Miami Beach, Florida, legally described as Lots 1 through 10, Block 13-A oflsland
View Addition, as Recorded in Plat Book 9, Page 144, of the Public Records of Dade County,
Florida.
PASSED and ADOPTED this 2nd day 0
ATTEST:
VJ~ 2,~~
~CLERK
RJAlks
(c:\wpdocslrjalfplpurch.res)
B~"
Date
2
DRAFT
AGREEMENT FOR PURCHASE AND SALE
THIS AGREEMENT made and entered into this day of
, 1994, by and between CITY OF MIAMI BEACH,
a municipal corporation, whose address is 1700 Convention Center
Drive, Miami Beach, Florida 33139, ("Buyer"), and FLORIDA POWER &
LIGHT COMPANY, a Florida corporation, whose mailing address is P.
O. Box 14000, Juno Beach, Florida, 33408-0420, Attn: Property Tax
Department, ("Seller").
NOW, THEREFORE, in consideration of the foregoing, the mutual
covenants, representations, warranties and agreements contained
herein, and for other g90d and valuable consideration, the adequacy
and receipt of which are hereby acknowledged by the parties, it is
agreed that Seller shall sell and Buyer shall buy the following
real property upon the terms and conditions as follows:
1. DESCRIPTION
Seller has fee simple title to that certain real property,
together with the buildings and improvements located thereon,
located in Dade County, Florida, which is identified and
further described as:
See Exhibit "A" attached hereto (the "Property").
2. PURCHASE PRICE: DEPOSIT: CASH BALANCE
2.1 Purchase price
The total purchase price for the Property (the "Purchase
Price"), plus or minus prorations and subject to such
adjustments as are hereinafter provided, shall be the sum
of One Million Five Hundred Thousand Dollars and No Cents
($1,500,000.00). The Purchase Price shall be payable as
follows:
2.1.1
2.1.2
Miami Beach Sale
Deposit
One Hundred Fifty Thousand Dollars and No
Cents ($150,000.00) shall be paid by
Buyer in u.s. funds, in cash or by
locally drawn certified or cashier's
check, representing ten percent (10%) of
the Purchase Price shall be deposited by
Buyer upon execution of this Agreement
with , ("Escrow
Agent") to be held in escrow, pending
Closing in accordance with Paragraph 4
hereof (the "Deposit"). Escrow Agent
agrees to hold the Deposit in accordance
with the terms of this Agreement.
cash Balance
One Million Three Hundred Fifty Thousand
Dollars and No Cents ($1,350,000.00),
less adjustments, shall be payable at or
AGENDA
ITEM
9
Page 1 of 7
R-l:-M- L
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DATE
prior to the Closing (as defined in
Paragraph 4 hereof) by Buyer in U. S.
funds, 1n cash or by locally drawn
certified or cashier's check, to Escrow
Agent (the "Cash Balance").
3. TIME FOR ACCEPTANCE
If this Agreement is not executed by the Buyer and Seller in
one or more counterparts on or before November 16, 1994, the
aforesaid deposit(s) shall be, at the option of the Buyer,
returned to Buyer and this Agreement shall not take effect and
shall be null and void. The Effective Date of this Agreement
shall be the date when the last one of the Seller and Buyer
has signed this Agreement, which date shall be indicated in
the signature page hereof (the "Effective Date").
4 . CLOSING
This transaction shall be closed and the deed and other
closing instruments and possession shall be delivered to Buyer
on or before December 29, 1994, unless extended by other
provisions of this Agreement. The precise time and place of
closing shall be mutually agreed upon.
5. EVIDENCE OF TITLE
a. Within twenty (20) days from the Effective Date of this
Agreement, Buyer, at Buyer's expense, may obtain an
owner's title insurance commitment followed by a title
insurance policy from a title insurance company licensed
by the State of Florida.
b. In the event title is not found, by Buyer's attorney, to
be good, marketable and insurable, the title defects
shall be specified in writing and delivered to Seller
within ten (10) days after delivery of such owner's title
insurance commitment, whereupon Seller shall have the
option to elect to correct such title defects.
c. If Seller elects not to correct or fails to correct the
title defect, then Buyer shall exercise either of the
following options: i) rescind this transaction and
receive a return of the Deposit, in which event this
Agreement shall be at an end and neither party shall have
any other or further obligation against the other by
reason of making this Agreement; or ii) elect to accept
title to the Property in its existing condition.
6. NO REPRESENTATIONS AS TO QUANTITY. QUALITY. OR CONDITION OF
PROPERTY
By its execution hereof, the Buyer understands and agrees that
Seller has made no representations or warranties as to the
quantity, quality or condition of the Property described
herein, the suitability of the zoning thereof, or the
availability of permits relating thereto, and that Buyer is
not relying upon any representation or inducement that may
have been made by Seller or Seller's representatives, agents
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or employees with respect to the quantity, quality or with
respect to the present or future condition, environmental or
otherwise, zoning or permitting of said Property.
7. AD VALOREM TAXES
Buyer is a political subdivision of the state of Florida and
is exempt from payment of ad valorem taxes. pursuant to
section 196.295, Florida Statutes, Seller shall place into
escrow with the Dade County Tax Collector, an amount equal to
the current taxes prorated to the day of closing based upon
the current assessment.
8 . EXPENSES
Florida documentary stamps on the deed, Dade County surtax,
the cost of recording the deed, and the cost of an owner's
title insurance commitment and title insurance policy, if
desired, shall be paid by Buyer. The cost of recording any
corrective instruments shall be paid by Seller.
9. DOCUMENTS FOR CLOSING
At closing, Seller shall deliver to Buyer a special warranty
deed in proper form for recording in the form of Exhibit "B"
attached hereto. Seller shall deliver, at closing, the
affidavit in the form attached hereto as Exhibit "C".
10. NATURE OF TRANSACTION
Buyer and Seller agree that the transaction contemplated
herein is one "in gross" and not "per acre" or "per square
foot," and any deficiency or surplus which may be determined
to exist in regard to the quantity of the property described
herein shall not affect the Purchase Price set forth in this
Agreement.
11. SELLER'S MORTGAGE AND DEED OF TRUST
Buyer understands that the Property may be encumbered by the
lien of Seller's 1944 Trust Indenture, as supplemented, and
that Seller will obtain a release of the Property from such
encumbrance, if applicable, on or before the closing date.
Failure to do so shall entitle Buyer to rescind this
transaction and receive the return of its Deposit, in which
event this Agreement shall be at an end, and neither party
shall have any further obligation against the other by reason
of making this Agreement.
12. EFFECTIVE DATE
The effective date of this Agreement, for purposes of
performance, shall be the date upon which the latter of the
Buyer or Seller has executed this Agreement, which date shall
be indicated on the signature page hereof (the "Effective
Date").
13. PROPERTY INSPECTION
Buyer, its agents or employees, shall have the right to enter
upon the Property to perform surveys and inspections,
including a non-invasive Phase I environmental assessment
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provided, however, prior to such entry Buyer shall have
provided to Seller evidence of public liability insurance
satisfactory to Seller covering accidents or injuries which
may occur on the Property. Buyer agrees to leave said
Property in the state approximating its present condition, to
indemnify and hold Seller harmless from any and all damages to
said Property, and to indemnify and hold Seller harmless from
and against any and all claims, losses, damages, injuries
(including death, liabilities and costs), including attorneys'
fees resulting from or arising out of or in connection with
Buyer's exercise of its rights under this paragraph. Buyer
shall complete all studies and testing within forty-five (45)
days of the Effective Date. If the results of a Phase I
environmental assessment recommend further environmental
testing, Buyer and Seller shall negotiate an addendum to the
Agreement covering the scope and terms of the additional
testing. In the event an addendum satisfactory to both
parties is not exe9uted within fifteen (15) days of notice of
the recommendations for additional environmental testing, this
Agreement shall automatically terminate. If, in Buyer'S sole
discretion, the Property is unsuited for the intended land
use, the Buyer shall have the right to terminate this
Agreement within the forty-five (45) day period for
inspection, or within any extended period for inspection and
testing agreed upon in writing by the parties, and the parties
shall have no further obligation to each other except as to
the Buyer'S obligation to indemnify and hold Seller harmless
and to leave the Property in the state approximating its
present condition.
14. BRODRAGB
Seller and Buyer represent to each other that neither they nor
anyone on their behalf has dealt with or consulted with any
real estate broker or agent in connection with this matter,
and that no commission or finder's fee will be payable as a
result of the execution of this Agreement or the consummation
of the transaction contemplated hereby. In the event a real
estate broker or agent claims to have dealt with one of the
parties contrary to the foregoing representation, the party
the broker or agent claims to have dealt or consulted with
agrees to indemnify and hold the other party harmless against
any such claims or demands, including reasonable attorneys'
fees and costs incurred by such other party.
15 . StJRVBY
Buyer within thirty (30) days of the Effective Date of this
Agreement shall be entitled to have the Property surveyed (the
"survey"), at its sole cost and expense. In the event the
survey shows any encroachments on the Property or lack of
ingress and egress, then written notice of such defect shall
be given to Seller by Buyer within ten (10) days after
delivery of such Survey, and said defect shall be governed in
the same manner as objections to the condition of title are
dealt with in Paragraph 5 herein.
16. APPROVALS
a. The Buyer understands and agrees that, while this
.'"
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Agreement bears the execution of Seller, final approval
of the transaction contemplated herein rests with
Seller's Executive Management and/or Board of Directors,
and such final approval cannot be obtained until, on/or
about November 15, 1994. Buyer further understands and
agrees that upon notification by Seller that this
Agreement has not been approved by Seller's Executive
Management and/or Board of Directors (which notification,
if required, Seller agrees to forward via regular united
States mail to Buyer not later than November 22, 1994),
this Agreement shall be deemed immediately cancelled and
of no further force and effect and without Seller's being
obligated for any loss or damage to Buyer whatsoever.
without lim~ting the generality of the foregoing, Buyer
expressly understands and agrees that this Agreement may
be disapproved by Executive Management and cancelled as
provided above without this Agreement being submitted to
Seller's Board of Directors. For purposes of this
clause, the term "Executive Management" shall mean the
vice President or other officer of Seller who is directly
responsible to the President of Seller for the management
of Seller's real estate assets.
b. The Seller understands and agrees that final approval of
the transaction contemplated herein rests with and the
effectiveness of this Agreement is subject to and
condi tioned upon approval by the city of Miami Beach
Board of City Commissioners. Buyer agrees to submit this
Agreement for approval at the November 2, 1994 City of
Miami Beach Board of city commissioners' meeting. Seller
further understands and agrees that upon notification by
Buyer that this Agreement has not been approved by the
Board of City commissioners (which notification, if
required, Buyer agrees to forward via regular united
states mail to Seller, not later than November 9, 1994),
this Agreement may be, at Seller's option, cancelled and
of no further force and effect and without Buyer's being
obligated for any loss or damage to Seller whatsoever.
17. REMEDIES ON DEFAULT OF BUYER
If Buyer fails to close, and the Seller is not in default
hereunder, and title is as required under this Agreement, this
Agreement and all rights and obligations of the parties
hereunder shall terminate and Seller shall retain the entire
Deposit made by Buyer, as liquidated and agreed upon damages
as its sole and exclusive remedy, and thereafter, the parties
hereto shall be released from all obligations hereunder. The
parties hereby agree that the damages which Seller would
sustain by reason of Buyer's breach are beyond calculation and
not subject to determination and the Deposit is agreed by the
parties to be a reasonable measure of damages in the event of
Buyer's breach.
18. REMEDIES ON DEFAULT OF SELLER
If for any reason, Seller fails, neglects or refuses to
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perform this Agreement, Buyer's right to receive the return of
the Deposit in the event of Seller's default will be the sole
exclusive remedy of Buyer in full satisfaction of any claim
which Buyer may have against Seller.
19. ARBITRATION
Any controversy or claim for money damages other than the
Deposi t monies arising out of or relating to Buyer's or
Seller's failure to close, shall be settled by arbitration in
accordance with the commercial Arbitration Rules of the
American Arbitration Association, and the arbitration award
shall be final and binding upon the parties hereto and subject
to no appeal, and shall deal with the question of the costs of
arbitration and all matters related thereto. In that regard,
the parties shall mutually select an arbitrator, but to the
extent the parties cannot agree upon the arbitrator, then the
American Arbitration Association shall appoint one. Judgement
upon the award rendered may be entered into any court having
jurisdiction, or application may be made to such court for an
order of enforcement.
20. LIENS
Seller shall pay all assessments and liens for public
improvements against the Property, if any, which are certified
liens as of the closing date.
21. CONDEMNATION
In the event of the institution of any proceedings, or if
subject to a bona fide threat of such proceedings, judicial,
administrative or otherwise, which shall relate to the
proposed taking of any portion of the Property by Eminent
Domain, Seller may cancel this Agreement, and this Agreement
thereupon shall be of no further force and effect.
22. TIME OF THE ESSENCE
The parties hereto agree and understand that time is of the
essence in this Agreement.
23. RECORDING
This Agreement or Notice thereof may be recorded by Buyer in
the minutes of the Clerk of the Board of City Commissioners,
Dade County, Florida, but not recorded in the Official Public
Records of any Clerk of any Circuit Court of the State of
Florida.
24. ASSIGNMENT
This Agreement, and the rights and interests created hereunder
are not assignable by Buyer without the prior written consent
of Seller, which shall not be unreasonably withheld.
25. ENTIRE AGREEMENT
This Agreement constitutes the entire agreement between the
parties hereto, and may not be modified except by an
instrument in writing signed by the parties.
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26. ATTORNEYS' FEES
Should any litigation ensue from this transaction, the
prevailing party shall be entitled to recover from the losing
party the prevailing party's reasonable attorneys' fees
therein, plus costs.
27. NOTICE
Any notice required under this Agreement shall be delivered by
certified mail, return receipt requested to the parties as
follows:
BUYER:
city of Miami Beach
Attn: Mayra Diaz~Buttacavoli
First Assistant City Attorney
1700 Convention Center Drive
Miami Beach, FL 33139
WITH COPIES TO:
City of Miami Beach
Attn: Raul J. Aguila
First Assistant City Attorney
1700 Convention Center Drive
Miami Beach, FL 33139
SELLER:
Florida Power & Light Company
Attn: John R. Dewar
P.O. Box 088801
North Palm Beach, FL 33408
IN WITNESS WHEREOF, the parties hereto have hereunto executed
this Agreement as of the respective dates hereinafter set forth.
signed, sealed and delivered
in the presence of:
SELLER:
FLORIDA POWER & LIGHT COMPANY
By:
Print Name:
Its:
Date:
Print Name:
Print Name:
signed, sealed and delivered
in the presence of:
BUYER:
CITY OF MIAMI BEACH
By:
Print Name:
Its:
Date:
Print Name:
Print Name:
MiafBch.P&S
CCC 10/26/94 (6Cl
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EXHIBIT "A"
TO AGREEMENT FOR PURCHASE AND SALE
LEGAL DESCRIPTION
Lots 1 through 10, Block 13A of Island View Addition as recorded in
Plat Book 9, at Page 144, of Dade County, Florida.
Mia'Bch.ExA (6Cl
CCC lO/2l/94
Page 1 of 1
Miami Beach Sale
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EXHIBIT "B"
PREPARED BY:
C. Caren Coleman, Attorney
Florida Power & Light Company
P.O. Box 029100
Miami, FL 33102-9100
Folio No.
SPECIAL WARRANTY DEED
THIS SPECIAL WARRANTY DEED made on the ___ day of
1994, by and between Florida Power & Light Company, a Florida
corporation, having its mailing address at P.O. Box 14000, Juno
Beach,
Florida 33408-0420,
Attn:
Property Tax Department,
hereinafter referred to as "Grantor" and City of Miami Beach, a
municipal corporation, having its mailing address at 1700
Convention Center Drive, Miami Beach, Florida 33139, hereinafter
referred to as "Grantee."
WITNESSETH:
Grantor, in consideration of Ten Dollars and No Cents ($10.00)
and other good and valuable consideration, to it paid by Grantee,
the receipt of which is hereby acknowledged, hereby grants, sells
and conveys to Grantee, its successors and assigns forever all of
that certain land situated and located in Dade County, Florida and
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more particularly described as follows:
See Exhibit "A" attached hereto and by this
reference made a part hereof
for the
description of the land conveyed hereby.
Subject to taxes and special assessments for the year and all
subsequent years, to zoning restrictions and other requirements
imposed by governmental authority, and to easements, conditions,
reservations, restrictions and limitations of record.
The Grantor hereby binds itself and its successors to warrant
the title as against all acts of the Grantor herein and no other,
subject only to the matters set forth above.
IN WITNESS WHEREOF, Grantor has caused this instrument to be
signed by its duly authorized officer on the date first above
written.
Executed in the presence of:
FLORIDA POWER & LIGHT COMPANY
signature:
By:
John M. Chism
Director of Land Management
and Assistant Secretary
Name (print):
Signature:
Name (Print):
(Acknowledgement continued on next page.)
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ACKNOWLEDGEMENT
STATE OF FLORIDA )
) ss:
COUNTY OF )
On this day of , 1994 before
me, the undersigned notary public, personally appeared John M.
Chism, Director of Land Management and Assistant Secretary, of
Florida Power & Light Company, a Florida corporation, personally
known to me to be the person who subscribed to the foregoing
instrument or who has produced as
identification, and acknowledged that he executed the same on
behalf of said corporation and that he was duly authorized so to
do.
IN WITNESS WHEREOF, I hereunto set my hand and official seal.
NOTARY PUBLIC, STATE OF FLORIDA
Name (Print):
commission No.:
My Commission Expires:
MiatBch. SWD
CCC 10/7/94 (6C)
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EXHIBIT "A"
TO SPECIAL WARRANTY DEED
LEGAL DESCRIPTION
Lots 1 through 10, Block 13A of Island View Addition as recorded in
Plat Book 9, at Page 144, of Dade County, Florida.
Mia'Bch.Ex2 (GCl
CCC 10/21/94
Page 1 of 1
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Prepared by:
C. Caren Coleman, Attorney
Florida Power & Light Company
P.O. Box 029100
Miami, FL 33102-9100
EXHIBIT "C"
AFFIDAVIT OF SELLER
STATE OF FLORIDA )
) ss:
COUNTY OF )
BEFORE ME, the undersigned. authority, personally appeared
, who, being by me first duly
sworn, deposes and says:
1.
That he/she is
of Florida
Power & Light Company, a Florida corporation, (" FPL"), owner of the
property described in Exhibit "A" attached hereto as a part hereof.
2. That FPL is not a foreign person as that term is defined
in Section 1445(f) (3) of the Internal Revenue Code.
3. That FPL's United states Taxpayer Identification Number
is 59024775; and that FPL's united States address is P.O. Box
14000, Juno Beach, Florida 33408-0420.
4. That no one has any adverse interest, claim or possession
in and to the property.
5. That no work has been done on or about such property
within the last ninety (90) days which would constitute a
mechanics'
or materialmen's lien against the property and that
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there are no such liens either recorded or unrecorded.
6. That between the effective date of the title insurance
commitment issued by the named title insurer,
and the recording of the deed from FPL to the named purchaser,
FPL has not and will not execute any
instruments, or record in the public records any executed
instrument, that would in any way affect title to the property or
the title and interests conveyed by the deed to purchaser.
FLORIDA POWER & LIGHT COMPANY
By:
Print Name:
Title:
Date:
ACKNOWLEDGEMENT
STATE OF FLORIDA )
) ss:
COUNTY OF )
me,
, 1994 before
notary public, personally appeared
, (title) of
Florida Power & Light Company, a Florida corporation, personally
known to me to be the person who subscribed to the foregoing
instrument or who has produced , as
identification, and acknowledged that he/she executed the same on
behalf of said corporation and that he/she was duly authorized so
to do.
On this day of
the undersigned
IN WITNESS WHEREOF, I hereunto set my hand and official seal.
NOTARY PUBLIC, STATE OF FLORIDA
Name (print):
commission No.:
My Commission Expires:
MiatBch. Aff
CCC 10/26/94 (6Cl
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EXHIBIT "A"
TO AFFIDAVIT OF SELLER
LEGAL DESCRIPTION
Lots 1 through 10, Block 13A of Island View Addition as recorded in
Plat Book 9, at Page 144, of Dade County, Florida.
Mia'Bch.Ex3 (6C)
CCC 10/21/94
Page 1 of 1
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CITY OF
MIAMI BEACH
CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH FLORIDA 33139
COMMISSION MEMORANDUM NO.
8510- 'iy
TO:
Mayor Seymour Gelber and
Members of the City Commission
DATE: November 2, 1994
FROM:
Roger M. C
City Manager
SUBJECT:
RESOLUTION .AUTHORIZING THE MAYOR AND CITY CLERk TO
EXECUTE AN AGREEMENT FOR PURCHASE AND SALE BETWEEN THE
CITY AND FLORIDA POWER AND LIGHT COMPANY (FP&L), FOR
PURCHASE OF THE FP&L SITE LOCATED AT 1920 WEST AVENUE AND
1923 BAY ROAD, MIAMI BEACH, FLORIDA, IN THE AMOUNT OF
$1.5 MILLION, FOR A SUPERMARKET SITE.
ADMINISTRATION RECOMMENDATION:
The Administration recommends that the city commission adopt the
Resolution authorizing execution of the Purchase and Sale Agreement
with Florida Power and Light Company for the site located at 1920
West Avenue and 1923 Bay Road, in the amount of $1.5 million for a
supermarket site.
BACKGROUND:
The community has expressed a need for a new, larger supermarket
that would serve all residents and visitors. In response to the
community needs, it has been deemed that a pUblic purpose exists,
and that the public interest would be served in the City's purchase
and development of a site for a new supermarket.
At the direction of the Mayor and City commission, the
Administration has been looking into several possible sites which
could be developed for a supermarket.
At the September 8, 1994, city commission Meeting, the City
commission authorized the Administration and the City Attorney to
enter into negotiations with Florida Power and Light Company for
the purchase of an FP&L-owned site located at 1920 West Avenue and
1923 Bay Road, Miami Beach. On september 22, 1994, the City
Commission authorized purchase of the site for $1.5 million.
continued. . .
5
AGENDA ITEM ~ -1.. ff\
DATE~
commission Memorandum
Page 2
November 2, 1994
CONCLUSION:
The Purchase and Sale Agreement codifies the terms and conditions
of the sale and is required to complete the transaction. The
document has been reviewed by the City Attorney and city commission
approval is recommended.
RMC: jh
Attachments
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